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Question
The ______ budget contains an estimate of the total volume of production week wise, month wise and product-wise.
Options
Production
Purchase
Cash
Sales
Solution
The Production budget contains an estimate of the total volume of production week wise, month wise and product-wise.
Explanation:
The production budget is a forecast for the budget period's production. It is divided into two sections: a production volume budget for the physical units of the products to be created, and a cost of manufacturing budget that specifies the expenditures to be budgeted.
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